About your Search

20110725
20110725
Search Results 0 to 2 of about 3 (some duplicates have been removed)
: and the trillions they are talking about is baked into the cake with iraq and afghanistan. >> if i was a betting guy, they have to downgrade. >> neil: interesting. the pressure is on this gentlemen, john boehner, reacting to the president signing onboard harry reid's plan. >> our members have a two-step approach, cutting, spending and avoiding an economic collapse as a result of a default. we believe it is a responsible common sense plan that meets our obligations to the american people. and preserves the full, faith and credit of the united states government. this legislation reflects a bipartisan negotiation over the weekend. with our colleagues in the senate. as a result, of this bipartisan negotiation, i would call this plan less than perfect. but, it does ensure that the spending cuts will be greater than the hike in the debt limit. secondly, there are no tax increases that are part of this plan. it is not cut, cap and balance, but it is built on the principles of cut, cap and balance, that can pass the united states senate, as well as the united states house. time is running short. i'm urging
is going to count winding down the war in afghanistan as a substantial part of the savings. that could be worth about $1 trillion over 10 years. meanwhile, john boehner is working on his own deficit- reduction debt limit increase plan. he would take -- that plan would be affected in two stages. the first would be $900 trillion or so deficit reduction package, spending cuts, paired with roughly equal amount in debt limit increase. then he would empower a special committee to find an additional $1.60 trillion to authorize or trigger another increase in the debt ceiling. the problem with this proposal, however, it would require raising the debt ceiling by the requisite $2.40 trillion amount into the stages. that is something the president and democratic leaders after yesterday's said is a nonstarter. they say it would create too much uncertainty for the marketplace and the economy if this process had to be replaced at the beginning of next year or summer of next year. >> the house republicans made their own at last it with a cap and balance plan that did not make it to the senate. the pre
Search Results 0 to 2 of about 3 (some duplicates have been removed)